What about the Bank Investment Company in Sitharaman's Budget 2021?

Between 2015-16 and 2019-20, the Centre had pumped in Rs 3.56 trillion into these banks through both direct subscription of equity shares and recapitalisation-bonds

There was no word on the Bank Investment Company (BIC) in the Union Budget. The move was widely expected given the pressure on capital of state-run banks and the limited pool of revenues of the government to continue capitalising them. The setting up of a BIC will help raise funds for state-run banks without altering their “public sector character”. That’s because the as long as the government holds more than 50 per cent in the BIC, it retains control over these banks as the majority shareholder.

The BIC is to be set up under the Companies Act, and it is surmised